Travelport Worldwide Limited (TVPT) Shares Sold by Russell Investments Group Ltd.
Russell Investments Group Ltd. lessened its holdings in shares of Travelport Worldwide Limited (NYSE:TVPT) by 23.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,194 shares of the company’s stock after selling 10,224 shares during the period. Russell Investments Group Ltd.’s holdings in Travelport Worldwide Limited were worth $471,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in TVPT. Wells Fargo & Company MN increased its holdings in Travelport Worldwide Limited by 1.1% during the 1st quarter. Wells Fargo & Company MN now owns 620,839 shares of the company’s stock valued at $7,307,000 after purchasing an additional 6,513 shares during the period. LSV Asset Management purchased a new position in Travelport Worldwide Limited during the 1st quarter valued at about $147,000. Bank of New York Mellon Corp increased its holdings in Travelport Worldwide Limited by 2.1% during the 1st quarter. Bank of New York Mellon Corp now owns 504,192 shares of the company’s stock valued at $5,935,000 after purchasing an additional 10,379 shares during the period. Sei Investments Co. increased its holdings in Travelport Worldwide Limited by 2.0% during the 1st quarter. Sei Investments Co. now owns 21,023 shares of the company’s stock valued at $248,000 after purchasing an additional 405 shares during the period. Finally, Parametric Portfolio Associates LLC increased its holdings in Travelport Worldwide Limited by 32.8% during the 1st quarter. Parametric Portfolio Associates LLC now owns 113,052 shares of the company’s stock valued at $1,331,000 after purchasing an additional 27,919 shares during the period. Institutional investors own 92.35% of the company’s stock.
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A number of brokerages recently issued reports on TVPT. Cowen and Company restated an “outperform” rating and set a $17.00 price target (up previously from $16.00) on shares of Travelport Worldwide Limited in a report on Wednesday, August 9th. BidaskClub upgraded Travelport Worldwide Limited from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 12th. Zacks Investment Research upgraded Travelport Worldwide Limited from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Thursday, August 10th. Finally, ValuEngine upgraded Travelport Worldwide Limited from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $15.38.
Travelport Worldwide Limited (TVPT) traded down 0.20% on Thursday, hitting $15.32. The company’s stock had a trading volume of 282,341 shares. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 18.33 and a beta of 0.60. Travelport Worldwide Limited has a 12 month low of $11.38 and a 12 month high of $15.86. The firm has a 50 day moving average of $14.76 and a 200 day moving average of $13.57.
Travelport Worldwide Limited (NYSE:TVPT) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.26. The business had revenue of $612.10 million during the quarter, compared to the consensus estimate of $618.27 million. Travelport Worldwide Limited had a net margin of 4.42% and a negative return on equity of 50.52%. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.28 earnings per share. Equities research analysts forecast that Travelport Worldwide Limited will post $1.37 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 21st. Shareholders of record on Thursday, September 7th will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.95%. The ex-dividend date is Wednesday, September 6th. Travelport Worldwide Limited’s payout ratio is currently 35.29%.
About Travelport Worldwide Limited
Travelport Worldwide Limited provides a travel commerce platform, which offers distribution, technology, payment, mobile and other solutions for the travel and tourism industry. The Company connects travel providers, such as airlines and hotel chains with online and offline travel agencies and other travel buyers in its business-to-business (B2B) travel commerce platform (its Travel Commerce Platform).
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